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Allowance for Loan Losses (Tables)
3 Months Ended
Mar. 31, 2013
Loans and Leases Receivable, Allowance [Abstract]  
Allowance for Loan Losses Rollforward by Segment [Table Text Block]
The following table displays changes in single-family, multifamily and total allowance for loan losses for the three months ended March 31, 2013 and 2012.
 
For the Three Months Ended March 31,
 
2013
 
2012
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
(Dollars in millions)
Single-family allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
49,848

 
 
$
7,839

 
 
$
57,687

 
$
56,294

 
 
$
14,339

 
 
$
70,633

(Benefit) provision for loan losses(1)
(436
)
 
 
(403
)
 
 
(839
)
 
1,400

 
 
620

 
 
2,020

Charge-offs(2)
(2,670
)
 
 
(49
)
 
 
(2,719
)
 
(4,404
)
 
 
(263
)
 
 
(4,667
)
Recoveries
1,027

 
 
245

 
 
1,272

 
421

 
 
65

 
 
486

Transfers(3)
1,123

 
 
(1,123
)
 
 

 
2,193

 
 
(2,193
)
 
 

Other(4)
75

 
 
25

 
 
100

 
204

 
 
62

 
 
266

Ending balance
$
48,967

 
 
$
6,534

 
 
$
55,501

 
$
56,108

 
 
$
12,630

 
 
$
68,738

Multifamily allowance for loan losses: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
671

 
 
$
437

 
 
$
1,108

 
$
1,015

 
 
$
508

 
 
$
1,523

(Benefit) provision for loan losses(1)
(91
)
 
 
(54
)
 
 
(145
)
 
(17
)
 
 
(23
)
 
 
(40
)
Charge-offs(2)
(1
)
 
 

 
 
(1
)
 
(129
)
 
 

 
 
(129
)
Transfers(3)
9

 
 
(9
)
 
 

 
8

 
 
(8
)
 
 

Other(4)
(2
)
 
 

 
 
(2
)
 
16

 
 
1

 
 
17

Ending balance
$
586

 
 
$
374

 
 
$
960

 
$
893

 
 
$
478

 
 
$
1,371

Total allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
50,519

 
 
$
8,276

 
 
$
58,795

 
$
57,309

 
 
$
14,847

 
 
$
72,156

(Benefit) provision for loan losses(1)
(527
)
 
 
(457
)
 
 
(984
)
 
1,383

 
 
597

 
 
1,980

Charge-offs(2)(5)
(2,671
)
 
 
(49
)
 
 
(2,720
)
 
(4,533
)
 
 
(263
)
 
 
(4,796
)
Recoveries
1,027

 
 
245

 
 
1,272

 
421

 
 
65

 
 
486

Transfers(3)
1,132

 
 
(1,132
)
 
 

 
2,201

 
 
(2,201
)
 
 

Other(4)
73

 
 
25

 
 
98

 
220

 
 
63

 
 
283

Ending balance
$
49,553

 
 
$
6,908

 
 
$
56,461

 
$
57,001

 
 
$
13,108

 
 
$
70,109


__________
(1) 
(Benefit) provision for loan losses is included in benefit (provision) for credit losses in our condensed consolidated statements of operations and comprehensive income.
(2) 
While we purchase the substantial majority of loans that are four or more months delinquent from our MBS trusts, we do not exercise this option to purchase loans during a forbearance period. Charge-offs of consolidated trusts generally represent loans that remained in our consolidated trusts at the time of default.
(3) 
Includes transfers from trusts for delinquent loan purchases.
(4) 
Amounts represent the net activity recorded in our allowances for accrued interest receivable and preforeclosure property taxes and insurance receivable from borrowers. The (benefit) provision for credit losses, charge-offs, recoveries and transfer activity included in this table reflects all changes for both the allowance for loan losses and the valuation allowances for accrued interest and preforeclosure property taxes and insurance receivable that relate to the mortgage loans.
(5) 
Total charge-offs include accrued interest of $115 million and $273 million for the three months ended March 31, 2013 and 2012, respectively.
Allowance for Loan Losses and Total Recorded Investment in HFI Loans [Table Text Block]
The following table displays the allowance for loan losses and total recorded investment in our HFI loans, excluding loans for which we have elected the fair value option, by impairment or reserve methodology and portfolio segment as of March 31, 2013 and December 31, 2012.

As of
  
March 31, 2013
 
December 31, 2012

Single-Family
 
Multifamily
 
Total
 
Single-Family
 
Multifamily
 
Total

(Dollars in millions)
Allowance for loan losses by segment: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
44,281

 
 
$
505

 
 
$
44,786

 
$
44,545

 
 
$
489

 
 
$
45,034

Collectively reserved loans
11,220

 
 
455

 
 
11,675

 
13,142

 
 
619

 
 
13,761

Total allowance for loan losses
$
55,501

 
 
$
960

 
 
$
56,461

 
$
57,687

 
 
$
1,108

 
 
$
58,795

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans by segment:(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
191,073

 
 
$
4,043

 
 
$
195,116

 
$
195,852

 
 
$
4,539

 
 
$
200,391

Collectively reserved loans
2,631,140

 
 
186,179

 
 
2,817,319

 
2,620,568

 
 
186,512

 
 
2,807,080

Total recorded investment in loans
$
2,822,213

 
 
$
190,222

 
 
$
3,012,435

 
$
2,816,420

 
 
$
191,051

 
 
$
3,007,471

__________
(1) 
Includes acquired credit-impaired loans.
(2) 
Recorded investment consists of unpaid principal balance, unamortized premiums, discounts and other cost basis adjustments, and accrued interest receivable.